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Commission

Body of 27 members (one from each member state) that initiates and implements new programs, forming a permanent executive that supervises the work of the EU

Common Market

informal name for the European Economic Community

Council of Ministers

legislative body of the EU; passes legislation that is initiated by the Commission

crisis management

placement of humanitarian, rescue, and peacemaking task at the core of the development of common security and defense of EU members

democratic deficit

loss of direct control of political decisions by the people

EC

European Community; expansion of the Common Market beyond economics

EEC

European Economic Community - called for the elimination of all tariffs between European nations and the creation of of new ones that applied to the entirety of Europe

enlargement fatigue

the loss of strength in a supranational organization after international growth has overstepped its abilities

European Central Bank

institution of the EU that administers monetary policy amongst its member states

European Constitution

its intention was to replace the overlapping set of treaties that govern member-states' interactions, and to streamline decision-making as the organization has grown to its current 27 states

European Council

all of the heads of state of the EU whom meet every 6 months

European Court of Justice

the supreme court of the EU, possessing the power of judicial review

European Parliament

lower legislative body in the EU that proposes amendments to legislation

European Monetary Union

the EU institution that sets basic interest rates and other fiscal policies (powers being passed from national banks)

EU

European supranational organization with authority in monetary policy, foreign affairs, national security, transportation, the environment, justice, and tourism

farm subsidies

guarantees of selling goods at high prices

free movement

setting of policy regarding visas, asylums, and immigration that allows EU citizens and non-EU nationals to freely travel throughout the continent

integration

process that encourages states to pool their sovereignty in order to gain political, economic, and social clout

Lisbon Treaty

2007 document that attempted to consolidate previous treaties that were still in force, including provisions to strengthen role of European Parliament, make national parliaments more involved, clarify the relationship between member states and the EU, allow withdrawals from the EU, create a permanent president of the EU, and introduce a Charter of Fundamental Rights

Maastricht Treaty

1991 treaty that created the European Union

MEPs

Members of the European Parliament

mixed economy

economy establishing the right balance between the welfare state and free enterprise

monetary policy

control of the money supply

requirements for EU membership

a stable and functioning democratic regime, a market-oriented economy, and willingness to accept all EU laws and regulations

social market economy

a team-oriented economy that emphasizes cooperation between management and organized labor

supranational organization

an integration of government of a certain group of states

"three pillars"

SPHERES OF EU AUTHORITY: trade and other economic matters, justice and home affairs, and common foreign and security policy

Treaty of Amsterdam

1997 treaty that set major policy initiatives for judicial affairs

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